Westpac Life is a flexible savings account that supports your savings goals.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 5.15% | Bonus | Bonus rate, paid in months you meet the lender's conditions; the lender doesn't say whether it is added to the base rate | CDR | 1 Nov 2026 |
| 0.70% | Bonus · $1–$150,000 | Bonus rate, paid in months you meet the lender's conditions; the lender doesn't say whether it is added to the base rate Not compared in rate tables | CDR | 1 Nov 2026 |
| 0.10% | Variable | Bonus conditions are described in the lender's own words; see the lender's page | CDR | 1 Nov 2026 |
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Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://digital-api.westpac.com.au/cds-au/v1/banking/products/SavLife- Content hash
sha256 aca08cf07364847252430c367702084efdd45e567459f01665bddd5e491e17d4- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_aca08cf073648472_5f81fab3Show details
- Checked
- 1 Nov 2026
- URL
https://digital-api.westpac.com.au/cds-au/v1/banking/products/SavLife- Content hash
sha256 aca08cf07364847252430c367702084efdd45e567459f01665bddd5e491e17d4- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee | Periodic | $0.00 |
| Online Banking (including Mobile Banking) | Withdrawal | $0.00 |
| Telephone Banking withdrawal (self service) | Withdrawal | $0.00 |
| Telephone Banking withdrawal (staff assisted) | Withdrawal | $0.00 |
| Branch staff assisted withdrawal | Withdrawal | $0.00 |
| Direct Debit | Payment | $0.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Cashback offer | 50.00 | You could earn $50 cashback if you open a new Westpac Choice everyday account and an eligible savings account by 31st March 2027, here's how you could get $50: Spend at least $50 on your debit card within 15 days of opening on eligible purchases. You must not have held any Westpac transaction account or savings account in the last 2 years. Accounts must be in your name only (no joint accounts). Must be 18+ years or older. T&Cs apply. |
| Unlimited txns | Unlimited and instant access to your money online through your Westpac everyday account | |
| Other | The Westpac Life account comes with a Westpac Choice everyday account so you can easily transfer money in and out. We'll only open a Choice account if you don't already have one. | |
| Digital banking | Online, Mobile and telephone banking is available | |
| Other | Statements: 6 monthly, or more frequently on request. | |
| Other | Bonus interest - You could boost savings each month you grow your balance. | |
| Other | Bucket your savings - In up to 6 different Savings Goals with just one account. | |
| Other | Set Savings Goals -Track how much you should save to reach your goal or create a shared goal and invite others to contribute. | |
| Other | Separate savings - Check savings and spending in one view with the Westpac App. | |
| Fraud protection | The product includes FRAUD_PROTECTION features. | |
| Fraud protection | Secure your account with SafeBlock - Find out how SafeBlock can help keep you safe when you need it most by locking your cards and account. Explore more security features: Digital Card with Dynamic CVC, Westpac ProtectTM Security Code, Westpac Safecall, Westpac Verify | |
| Relationship management | RELATIONSHIP_MANAGEMENT is available for eligible customers. | |
| Other | Account can be opened via Online, mobile, in branch and telephone. | |
| Eligibility: min age | 18 | |
| Eligibility: residency status | Those with an Australian residential address and who are currently in Australia. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Bonus | 1 Nov 2026 | Current | 5.15% |
| Bonus · $1–$150,000 | 1 Nov 2026 | Current | 0.70% |
| Variable | 1 Nov 2026 | Current | 0.10% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
pricing:bonus-unstated | Bonus conditions in the lender's own words | A total rate can't be worked out, so the product is display only |
bonus-conditions-free-text | Reason this product is not ranked | |
bonus-base-relationship-unstated | Reason this product is not ranked | |
Registered channels
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